New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-12
BALTIMORE STILL IN THE DARK.
BUSINESS MEN OBSERVATION-DISCLOSURES JOHN W.
GARRETT MADE MISTAKE

BUSINESS MEN Observation-Disclosures JOHN W.
GARRETT MADE A MISTAKE.
BALTIMORE, March IL (Specian.- Robert
Garrett OF tho Baltimore and Ohio, spent two hours
at his Office today, and then. accompanied by Mrs.
Garrett went to Washington TO dine with the German
Minister. Tho Associated Press dispatch from New
York this afternoon stating that the deal b tween the
Richmond Terminal Company aud the Baltimore and
Ohio OF, and that the Baltimore and Ohio
Company considering proposition OF private
bankers to taSe the stock, caused sensation in bust
aud financial circles The general imp preston
that while It was bad ough for Baltmores interest
Tor tho Baltimore and ohio properly to pass into tho
control OF railroad syndace, It was tor it TO
bo sold out to private banker. to manipulate tho stock
aud do with II what they pleased. Sensblc business
mrn, however PLACED littlo or no crudcnce in this
port Directors OF tho Baltimore and Ohio ifrmed to-
day their statement OF Yesterday that Mr. Garrett
In possession OF over 10000 shares OF stock, control
ling interest and that the stock had been sold and do
liyered to him with distinct understanding that was
to insure the placing OF the Baltimore aud Ohio IN a
great Southern syndicate Which would be to Bait
morr's interests. One of those gentlemen said this
afternoon
Mr. Garrett will not violate hrs promise. lie holds
tho majority OF stock certain conditions. lie Will
not snurihce Baltimorc's interests.'
A Baltimore and Ohio Official whom shown tho dis
patch announcing that the deaf was of. smiled and
snid You news, paper mel are on 1oure all al sea-
In few days # you viii have patience you will know
the story. Should the Baltimore aud Ohio to
some part OF great nG'o'ts PROPOSE 20 eOnuioi
Balt'm would be benefited and tho people would DO
ssti.ded but it tho Baltimore and Ohio passes into
tho hands OF private capitalists and does not become
part OF tho p opposed syndicate thure @il be such
howl about Baltimore as was never heard here before
President Garrett would be bitterly condemned
bank president through whose concern much of the
transferred stock has passed the last said to-
day The effect OF the reported Baltimore and Ohio
deal the citys interests IN that oorpo alton Is OF this
time extremely probematioal but believe 1t would
be greatly TO tue interests ut the city at largo The
fret blow at Baltimore's Southern trade struck
when the late John W. Garrett refused the lease OF
IN Az apd( nj ia IA con
Meeting link between what was then the Richmond aud
Dsn,ie and tho Ines through Georgia aud The tar
South" Mr.. Garrett in Europe when the lease
was sought TO be mado and there was question OF
900 between the figures offered by tho directors
OF tho Atlanta aud Charlotte and what Mr.. Harriet
thought they ought to bo. Mayor LarObo and largo
nHmber OF bankers aud merchants sent teegrams 10
Mr. Garrett urging him 10 accept the Atlanta md
Charote's terms, but he hestatcd so long that tho
directors offered the lease to the Richmond and Dan
yilo managers. They even went furthet and recon-
mendod the stockholders TO approve OF tho terms OF
the lease which was done Ihsn MI. Garrett offered
sa advance OF $4,000 o'cr the agreed rrce, but it
too iate and the sale OF the virginia Midland. inc
connection between Alexandra and Richmond fol
lowed"
Second Woe President King OF tho Baltimore and
Ohio. said aMr Garrett Is the only ono OF this COM
pany VINO knows OF the deal, II there has been one.
and until he chooses TO speak the other oicors OF the
company will continue in the dark 80 .
rno sentiment that Mr. uaret Is rihng wiz inc Ely
road and owns 30 much the |, increaaing Bus
mess say that Mr. Garrett should relieve ihe sns
pense; thai III Mr. GArrott ia up
stock that Is offered stated yesterday no has not
yet made oyerturos for the $1,000 shares nea W inc
serious questions before the people Tho stock ior
years paid dividends OF 10 per cent WIN the
Baltimore and Ohio Railroad In tho hands OF
foreign this matter ~ dividends w become Oh
leading Importance Baltimore and tho Stale OF MARY
land predominant right TO consideration IN me deal
and nc glamour vii. obscure that fact Mayor hodgo'
In an interview speaking for tho city, sad 49,,
" n this great railroad combination OF whlch VIC hao
hoard much within the past fow days Should 20 cpn-
suinuatrd and should bo able To seoure tnereoy
the great commercial advantages which have Indicated
would make important epoch IN mo progress VI pa
timorn but II IL should simply selfish uea 70 so
euro certain financial advantages to the hoets oi tho
a protest In this community Oh would shake the CITY
from centre circumference fee deep interest Ia
what Is going only because am iuehtnou WIN
trade OF Baltimore. out because tho
city nearly fourth OF tho capital sooV Oh sno
Baltimore and Ohio"